Post Properties REIT Boosts Dividend to $0.25

By Michael Aneiro

Atlanta-based REIT Post Properties, Inc. (PPS) hiked its quarterly common stock dividend by 3 cents to $0.25 per share for the second quarter, payable July 13 to shareholders as of June 29.

“With ongoing strength in our business, and a solid financial position, we are pleased to be able to increase the quarterly rate of dividends to common shareholders by more than 13 percent,” said Dave Stockert, Post CEO and president, in a statement. “ With today’s announcement, we expect our annual run-rate of common stock dividends to rise to $1.00 per share.”

Post also announced regular quarterly dividends for its 8.5 percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for the second quarter, payable July 2 to Series A preferred shareholders as of June 15.

Amey Stone is Barron’s Income Investing blogger and Current Yield columnist. She was formerly a managing editor at CBS MoneyWatch, MSN Money and AOL DailyFinance. Her responsibilities included overseeing market coverage and personal finance topics. Prior to those roles, she was a senior writer at BusinessWeek where she authored the Street Wise column online and contributed to the magazine’s Inside Wall Street column. Topics covered included economics, corporate finance, Fed policy, municipal bonds, mutual funds and dividend investing. She co-authored King of Capital, a biography of Citigroup Chairman Sandy Weill. She is a graduate of Yale University and Columbia University’s Graduate School of Journalism.